Baidu and Geely plan $7.7 billion smart car JV

Xia Yiping, CEO Jidu Auto
Jidu Auto, a JV between Chinese giants Baidu and Geely, aims to spend $7.7 billion over the next five years on developing smart-car technology.The company intends to hire between 2,500 and 3,000 staff for the project over the next two to three years, around 500 of which will be software engineers, it said. The branding…
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